Payment Processing Trends Happening in 2016

Trends to Watch for This Year

For 2016, payment processing trends continue with changes in security and mobile payment options. EMV migration is in full swing, and will continue its conversion through October 2017. Merchants now offer omni-channel payments to allow customers to pay in multiple ways, and more customers move to more mobile options. Security solutions have also been ramped up thanks to recent security and information breaches. But perhaps the biggest trend of 2016 is the mobile point of sale. More and more customers are opting for this as it provides for a faster checkout, shorter lines, and increased sales opportunities.

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